Expenses Paid with Forgivable PPP Loans Not Deductible

The Internal Revenue Service (IRS) recently released guidance on the deductibility of expenses reimbursed by a Payment Protection Program (PPP) loan that is then forgiven. In Notice 2020-32, the IRS states that no deduction is permitted for expenses normally deductible to the extent the expenses were reimbursed by a PPP loan that was forgiven. The [...]

By |2020-05-05T12:59:25-04:00May 4th, 2020|Financial, Governments, Taxes|0 Comments

Local EIT Filing Deadline Extended to July 15

Keystone Collections Group and Berkheimer are Pennsylvania tax administrators collecting local Earned Income Tax (EIT) for our region. According to a statement on the Keystone Collections Group website, Keystone is extending the local EIT filing deadline to match the State and Federal date of July 15, 2020. Keystone will not apply penalty and interest on Tax [...]

By |2020-04-07T08:38:30-04:00March 25th, 2020|Blog, Taxes|0 Comments

For taxpayers who need additional time to file beyond July 15

Additional information on relief and filing extensions for taxpayers who need more time beyond the July 15 deadline: https://www.irs.gov/newsroom/tax-day-now-july-15-treasury-irs-extend-filing-deadline-and-federal-tax-payments-regardless-of-amount-owed This communication should not be construed as tax or legal advice or tax or legal opinion on any specific facts or circumstances. This communication does not create any accountant/client or attorney/client privilege. The contents are intended [...]

By |2020-04-07T08:37:15-04:00March 25th, 2020|Blog, Governments, Taxes|0 Comments

Tax Filing Deadline Moved to July 15 and PA Business Waiver Information

The PA Department of Revenue announced the deadline for taxpayers to file their 2019 Pennsylvania personal income tax returns is extended to July 15, 2020. This PA extension applies to both final 2019 tax returns and payments, and estimated payments for the first and second quarters of 2020. On Friday, the Trump administration also announced that [...]

By |2020-04-07T08:35:14-04:00March 23rd, 2020|Blog, Governments, Taxes|0 Comments

Real estate laws on the move

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By |2019-07-25T09:20:59-04:00July 2nd, 2015|Acquisitions, Financial, Taxes|0 Comments

Tax litigation at your door

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into [...]

By |2019-07-25T09:21:52-04:00July 2nd, 2015|Financial, International, Taxes|0 Comments

Entertainment industry acquisitions

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into [...]

By |2019-07-25T09:21:52-04:00July 2nd, 2015|Acquisitions, Financial, Governments, Taxes|0 Comments

What acquisitions should you make?

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into [...]

By |2019-07-25T09:21:52-04:00July 2nd, 2015|Financial, International, Taxes|0 Comments

International tax changes

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into [...]

By |2019-07-25T09:21:52-04:00July 2nd, 2015|Acquisitions, Financial, International, Taxes|0 Comments

International investment advice

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into [...]

By |2019-07-25T09:21:52-04:00July 2nd, 2015|Financial, International, Taxes|0 Comments